COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
ABERDEEN ASIA PACIFIC INCOM | COM | 003009107 | 5,983 | 1,038,798 | SH | | SOLE | | 1,038,798 | 0 | 0 |
ABERDEEN GTR CHINA FD INC | COM | 003031101 | 1,354 | 132,918 | SH | | SOLE | | 132,918 | 0 | 0 |
ABERDEEN INDONESIA FD INC | COM | 00305P106 | 6,163 | 746,171 | SH | | SOLE | | 746,171 | 0 | 0 |
ABERDEEN ISRAEL FUND INC | COM | 00301L109 | 6,912 | 409,985 | SH | | SOLE | | 409,985 | 0 | 0 |
ABERDEEN LATIN AMER EQTY FD | COM | 00306K106 | 10,345 | 368,796 | SH | | SOLE | | 368,796 | 0 | 0 |
ABERDEEN SINGAPORE FD INC | COM | 003244100 | 9,459 | 740,707 | SH | | SOLE | | 740,707 | 0 | 0 |
ADAMS EXPRESS CO | COM | 006212104 | 10,393 | 795,195 | SH | | SOLE | | 795,195 | 0 | 0 |
ALLIANCEBERNSTEIN INCOME FUN | COM | 01881E101 | 34,394 | 4,823,801 | SH | | SOLE | | 4,823,801 | 0 | 0 |
ALPINE TOTAL DYNAMIC DIVID F | COM SBI | 021060108 | 26,702 | 6,372,778 | SH | | SOLE | | 6,372,778 | 0 | 0 |
ASIA PAC FD INC | COM | 044901106 | 2,315 | 220,235 | SH | | SOLE | | 220,235 | 0 | 0 |
ASIA TIGERS FD INC | COM | 04516T105 | 875 | 77,495 | SH | | SOLE | | 77,495 | 0 | 0 |
BANCROFT FUND LTD | COM | 059695106 | 2,164 | 116,322 | SH | | SOLE | | 116,322 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 17,036 | 1,304,429 | SH | | SOLE | | 1,304,429 | 0 | 0 |
BLACKROCK ECOSOLUTIONS INVT | COM SH | 092546100 | 1,428 | 181,730 | SH | | SOLE | | 181,730 | 0 | 0 |
BLACKROCK ENHANCED EQT DIV T | COM | 09251A104 | 4,432 | 558,145 | SH | | SOLE | | 558,145 | 0 | 0 |
BLACKROCK ENHANCED GOVT FD I | COM | 09255K108 | 8,844 | 634,013 | SH | | SOLE | | 634,013 | 0 | 0 |
BLACKROCK GLOBAL OPP EQTY TR | COM | 092501105 | 32,402 | 2,165,908 | SH | | SOLE | | 2,165,908 | 0 | 0 |
BLACKROCK INCOME OPP TRUST I | COM | 092475102 | 10,678 | 1,100,821 | SH | | SOLE | | 1,100,821 | 0 | 0 |
BLACKROCK INCOME TR INC | COM | 09247F100 | 12,643 | 1,951,032 | SH | | SOLE | | 1,951,032 | 0 | 0 |
BLACKROCK INTL GRWTH & INC T | COM BENE INTER | 092524107 | 18,705 | 2,300,742 | SH | | SOLE | | 2,300,742 | 0 | 0 |
BLACKROCK REAL ASSET EQUITY | COM | 09254B109 | 779 | 89,439 | SH | | SOLE | | 89,439 | 0 | 0 |
BLACKROCK RES & COMM STRAT T | SHS | 09257A108 | 30,910 | 2,666,974 | SH | | SOLE | | 2,666,974 | 0 | 0 |
BLACKROCK UTIL & INFRASTRCTU | COM | 09248D104 | 4,333 | 242,449 | SH | | SOLE | | 242,449 | 0 | 0 |
CBRE CLARION GLOBAL REAL EST | COM | 12504G100 | 2,642 | 333,598 | SH | | SOLE | | 333,598 | 0 | 0 |
CENTRAL EUR RUSS & TURK FD I | COM | 153436100 | 10,039 | 328,607 | SH | | SOLE | | 328,607 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 2,822 | 129,932 | SH | | SOLE | | 129,932 | 0 | 0 |
CHINA FD INC | COM | 169373107 | 3,836 | 184,344 | SH | | SOLE | | 184,344 | 0 | 0 |
CLOUGH GLOBAL ALLOCATION FD | COM | 18913Y103 | 1,550 | 100,760 | SH | | SOLE | | 100,760 | 0 | 0 |
CLOUGH GLOBAL EQUITY FD | COM | 18914C100 | 15,926 | 1,013,766 | SH | | SOLE | | 1,013,766 | 0 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 9,882 | 756,061 | SH | | SOLE | | 756,061 | 0 | 0 |
COHEN & STEERS INFRASTRUCTUR | COM | 19248A109 | 14,624 | 709,919 | SH | | SOLE | | 709,919 | 0 | 0 |
CUTWATER SELECT INCOME FD | COM | 232229104 | 7,241 | 395,467 | SH | | SOLE | | 395,467 | 0 | 0 |
DUFF & PHELPS UTIL CORP BD T | COM | 26432K108 | 603 | 60,089 | SH | | SOLE | | 60,089 | 0 | 0 |
DWS GLOBAL HIGH INCOME FD | COM | 23338W104 | 674 | 84,184 | SH | | SOLE | | 84,184 | 0 | 0 |
EATON VANCE RISK MNGD DIV EQ | COM | 27829G106 | 3,545 | 314,595 | SH | | SOLE | | 314,595 | 0 | 0 |
EATON VANCE TAX MNGD GBL DV | COM | 27829F108 | 25,879 | 2,587,851 | SH | | SOLE | | 2,587,851 | 0 | 0 |
EATON VANCE TX MGD DIV EQ IN | COM | 27828N102 | 4,369 | 400,100 | SH | | SOLE | | 400,100 | 0 | 0 |
EATON VANCE TXMGD GL BUYWR O | COM | 27829C105 | 5,795 | 478,924 | SH | | SOLE | | 478,924 | 0 | 0 |
ELLSWORTH FUND LTD | COM | 289074106 | 2,551 | 311,537 | SH | | SOLE | | 311,537 | 0 | 0 |
EUROPEAN EQUITY FUND | COM | 298768102 | 10,772 | 1,204,531 | SH | | SOLE | | 1,204,531 | 0 | 0 |
FIRST TRUST MORTGAGE INCM FD | COM SHS | 33734E103 | 6,483 | 416,645 | SH | | SOLE | | 416,645 | 0 | 0 |
FORT DEARBORN INCOME SECS IN | COM | 347200107 | 6,546 | 474,359 | SH | | SOLE | | 474,359 | 0 | 0 |
GABELLI DIVD & INCOME TR | COM | 36242H104 | 6,895 | 310,993 | SH | | SOLE | | 310,993 | 0 | 0 |
GDL FUND | COM SH BEN IT | 361570104 | 1,287 | 116,758 | SH | | SOLE | | 116,758 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 9,602 | 272,788 | SH | | SOLE | | 272,788 | 0 | 0 |
GUGGENHEIM EQ WEIGHT ENHANC | COM SH BEN INT | 40167M106 | 682 | 36,115 | SH | | SOLE | | 36,115 | 0 | 0 |
INDIA FD INC | COM | 454089103 | 11,649 | 582,448 | SH | | SOLE | | 582,448 | 0 | 0 |
INVESCO BD FD | COM | 46132L107 | 4,289 | 242,432 | SH | | SOLE | | 242,432 | 0 | 0 |
ISHARES | MSCI AUST ETF | 464286103 | 49,952 | 2,049,746 | SH | | SOLE | | 2,049,746 | 0 | 0 |
ISHARES | MSCI CDA ETF | 464286509 | 2,601 | 89,200 | SH | | SOLE | | 89,200 | 0 | 0 |
ISHARES | MSCI UK ETF | 464286699 | 18,334 | 878,048 | SH | | SOLE | | 878,048 | 0 | 0 |
ISHARES | MSCI FRANCE ETF | 464286707 | 45,551 | 1,601,100 | SH | | SOLE | | 1,601,100 | 0 | 0 |
ISHARES | MSCI JAPAN ETF | 464286848 | 96,041 | 7,911,732 | SH | | SOLE | | 7,911,732 | 0 | 0 |
ISHARES | MSCI EMG MKT ETF | 464287234 | 1,337 | 32,000 | SH | | SOLE | | 32,000 | 0 | 0 |
ISHARES | MSCI EAFE ETF | 464287465 | 35,791 | 533,440 | SH | | SOLE | | 533,440 | 0 | 0 |
JAPAN EQUITY FD INC | COM | 471057109 | 16,004 | 2,289,582 | SH | | SOLE | | 2,289,582 | 0 | 0 |
JAPAN SMALLER CAPTLZTN FD IN | COM | 47109U104 | 22,012 | 2,400,435 | SH | | SOLE | | 2,400,435 | 0 | 0 |
JPMORGAN CHINA REGION FD INC | COM | 48126T104 | 2,259 | 149,074 | SH | | SOLE | | 149,074 | 0 | 0 |
KOREA EQUITY FD INC | COM | 50063B104 | 4,168 | 500,929 | SH | | SOLE | | 500,929 | 0 | 0 |
KOREA FD | COM NEW | 500634209 | 20,876 | 505,958 | SH | | SOLE | | 505,958 | 0 | 0 |
LATIN AMERN DISCOVERY FD INC | COM | 51828C106 | 2,423 | 185,562 | SH | | SOLE | | 185,562 | 0 | 0 |
LAZARD GLB TTL RET&INCM FD I | COM | 52106W103 | 21,303 | 1,209,043 | SH | | SOLE | | 1,209,043 | 0 | 0 |
LAZARD WORLD DIVID & INCOME | COM | 521076109 | 1,215 | 83,832 | SH | | SOLE | | 83,832 | 0 | 0 |
LEGG MASON BW GLB INC OPP FD | COM | 52469B100 | 7,174 | 425,240 | SH | | SOLE | | 425,240 | 0 | 0 |
LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 | 8,070 | 1,351,759 | SH | | SOLE | | 1,351,759 | 0 | 0 |
MACQUARIE GLBL INFRA TOTL RE | COM | 55608D101 | 2,382 | 107,773 | SH | | SOLE | | 107,773 | 0 | 0 |
MADISON STRTG SECTOR PREM FD | COM | 558268108 | 679 | 56,809 | SH | | SOLE | | 56,809 | 0 | 0 |
MEXICO EQUITY & INCOME FD | COM | 592834105 | 4,483 | 301,284 | SH | | SOLE | | 301,284 | 0 | 0 |
MFS CHARTER INCOME TR | SH BEN INT | 552727109 | 3,735 | 412,762 | SH | | SOLE | | 412,762 | 0 | 0 |
MFS GOVT MKTS INCOME TR | SH BEN INT | 552939100 | 2,210 | 385,659 | SH | | SOLE | | 385,659 | 0 | 0 |
MFS INTERMARKET INCOME TRUST | SH BEN INT | 59318R103 | 5,159 | 636,076 | SH | | SOLE | | 636,076 | 0 | 0 |
MFS MULTIMARKET INCOME TR | SH BEN INT | 552737108 | 2,912 | 439,810 | SH | | SOLE | | 439,810 | 0 | 0 |
MONTGOMERY STR INCOME SECS I | COM | 614115103 | 22,735 | 1,463,017 | SH | | SOLE | | 1,463,017 | 0 | 0 |
MORGAN STANLEY ASIA PAC FD I | COM | 61744U106 | 42,292 | 2,553,831 | SH | | SOLE | | 2,553,831 | 0 | 0 |
MORGAN STANLEY CHINA A SH FD | COM | 617468103 | 432 | 18,150 | SH | | SOLE | | 18,150 | 0 | 0 |
MORGAN STANLEY EASTN EUR FD | COM | 616988101 | 3,369 | 166,302 | SH | | SOLE | | 166,302 | 0 | 0 |
MORGAN STANLEY EM MKTS DM DE | COM | 617477104 | 2,117 | 162,584 | SH | | SOLE | | 162,584 | 0 | 0 |
MORGAN STANLEY EMER MKTS DEB | COM | 61744H105 | 665 | 69,725 | SH | | SOLE | | 69,725 | 0 | 0 |
MORGAN STANLEY EMER MKTS FD | COM | 61744G107 | 9,017 | 582,505 | SH | | SOLE | | 582,505 | 0 | 0 |
MORGAN STANLEY TRUSTS | INCOME SECS INC | 61745P874 | 10,843 | 645,007 | SH | | SOLE | | 645,007 | 0 | 0 |
NEUBERGER BERMAN RE ES SEC F | COM | 64190A103 | 1,522 | 350,771 | SH | | SOLE | | 350,771 | 0 | 0 |
NEW GERMANY FD INC | COM | 644465106 | 35,329 | 1,772,657 | SH | | SOLE | | 1,772,657 | 0 | 0 |
NEW IRELAND FUND INC | COM | 645673104 | 3,849 | 299,757 | SH | | SOLE | | 299,757 | 0 | 0 |
NUVEEN BUILD AMER BD OPPTNY | COM | 67074Q102 | 4,097 | 210,855 | SH | | SOLE | | 210,855 | 0 | 0 |
NUVEEN DIVER CURRENCY OPPOR | COM | 67090N109 | 7,348 | 728,947 | SH | | SOLE | | 728,947 | 0 | 0 |
NUVEEN GBL INCOME OPPORTUN F | COM | 67073C104 | 1,650 | 144,861 | SH | | SOLE | | 144,861 | 0 | 0 |
NUVEEN GBL VL OPPORTUNITIES | COM | 6706EH103 | 427 | 32,402 | SH | | SOLE | | 32,402 | 0 | 0 |
PETROLEUM & RES CORP | COM | 716549100 | 5,230 | 191,011 | SH | | SOLE | | 191,011 | 0 | 0 |
PUTNAM MASTER INTER INCOME T | SH BEN INT | 746909100 | 8,702 | 1,726,623 | SH | | SOLE | | 1,726,623 | 0 | 0 |
PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 | 17,782 | 3,268,833 | SH | | SOLE | | 3,268,833 | 0 | 0 |
ROYCE FOCUS TR | COM | 78080N108 | 738 | 96,911 | SH | | SOLE | | 96,911 | 0 | 0 |
ROYCE GLOBAL VALUE TR INC | COM | 78081T104 | 173 | 19,439 | SH | | SOLE | | 19,439 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 1,322 | 104,811 | SH | | SOLE | | 104,811 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 2,179 | 136,091 | SH | | SOLE | | 136,091 | 0 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 61,870 | 4,435,128 | SH | | SOLE | | 4,435,128 | 0 | 0 |
TAIWAN FD INC | COM | 874036106 | 5,582 | 288,918 | SH | | SOLE | | 288,918 | 0 | 0 |
TEMPLETON DRAGON FD INC | COM | 88018T101 | 16,784 | 648,532 | SH | | SOLE | | 648,532 | 0 | 0 |
TEMPLETON EMERGING MKTS FD I | COM | 880191101 | 3,143 | 179,580 | SH | | SOLE | | 179,580 | 0 | 0 |
TEMPLETON RUS AND EAST EUR F | COM | 88022F105 | 622 | 40,400 | SH | | SOLE | | 40,400 | 0 | 0 |
THAI FD INC | COM | 882904105 | 13,677 | 753,536 | SH | | SOLE | | 753,536 | 0 | 0 |
TRANSAMERICA INCOME SHS INC | COM | 893506105 | 11,351 | 543,654 | SH | | SOLE | | 543,654 | 0 | 0 |
TRI CONTL CORP | COM | 895436103 | 14,138 | 707,614 | SH | | SOLE | | 707,614 | 0 | 0 |
TURKISH INVT FD INC | COM | 900145103 | 1,092 | 74,449 | SH | | SOLE | | 74,449 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 3,743 | 89,800 | SH | | SOLE | | 89,800 | 0 | 0 |
VIRTUS GLOBAL MULTI-SEC INC | COM | 92829B101 | 2,230 | 131,796 | SH | | SOLE | | 131,796 | 0 | 0 |
WELLS FARGO ADVANTAGE MULTI | COM SHS | 94987D101 | 3,525 | 250,692 | SH | | SOLE | | 250,692 | 0 | 0 |
WESTERN ASSET CLYM INFL OPP | COM | 95766R104 | 26,823 | 2,380,039 | SH | | SOLE | | 2,380,039 | 0 | 0 |
WESTERN ASSET CLYM INFL SEC | COM SH BEN INT | 95766Q106 | 15,781 | 1,381,894 | SH | | SOLE | | 1,381,894 | 0 | 0 |
WESTERN ASSET GLOBAL CP DEFI | COM | 95790C107 | 9,629 | 532,887 | SH | | SOLE | | 532,887 | 0 | 0 |
WESTERN ASSET INCOME FD | COM | 95766T100 | 8,343 | 632,919 | SH | | SOLE | | 632,919 | 0 | 0 |
ZWEIG FD | COM NEW | 989834205 | 3,313 | 222,973 | SH | | SOLE | | 222,973 | 0 | 0 |
ZWEIG TOTAL RETURN FD INC | COM NEW | 989837208 | 1,717 | 123,195 | SH | | SOLE | | 123,195 | 0 | 0 |